KB Asset, 'KBSTAR Palladium ETF' Tops Returns Since the Beginning of the Year

34% Return Since Early Year, 50% Return in Last 3 Months
Price Increase Due to Supply Instability in Russia, the Largest Producer

[Asia Economy Reporter Hwang Yoon-joo] The 'KBSTAR Palladium ETF' managed by KB Asset Management, the only ETF in Korea that invests in palladium, is posting soaring returns.

KB Asset Management announced that the 'KBSTAR Palladium ETF' has achieved a year-to-date return of 34%, ranking first among 546 ETFs listed domestically. The ETF's three-month return reaches 50%.

The sharp rise in the palladium ETF price is due to expectations of supply disruptions in raw materials following Russia's invasion of Ukraine. Concerns over supply shortages from Russia, the largest palladium producer, have driven buying momentum, causing palladium prices to climb steeply this year. The price of palladium, which was $1,822.00 per troy ounce at the beginning of the year, rose to $2,728.80.

Palladium is a silver-white metal that is a byproduct of refining copper, nickel, and platinum, and its demand has increased alongside European eco-friendly policies.

The 'KBSTAR Palladium ETF' tracks the Palladium Futures Index (S&P GSCI Excess Return Index) and invests in palladium futures listed on the New York Mercantile Exchange (NYMEX).

Cha Dong-ho, head of ETF Operations at KB Asset Management, explained, "Due to recent high volatility, using products like the 'KBSTAR Palladium Inverse ETF,' which can generate profits even during downturns, can be a good investment alternative."

This content was produced with the assistance of AI translation services.